The Wirelessinfo Blog

They’ve been in the mobile banking business for 6 months, and now Bank of America is reporting that they have over 500,000 active mobile banking customers. The half million banking customers puts Bank of America well over all the other US banks mobile banking numbers…combined! Bank of America has over 23 million online customers, so 500,000 is only a fraction of their actual customer base, Lance Drummond the e-commerce and ATM executive for the bank said "We're thrilled with the initial customer response and expect this trend to continue as more people discover the convenience of accessing their accounts while on-the-go."

[via Cellular-News]

Starting today Dublin cell phone users can transfer money to others using their cell phone. The service is designed so users can pick a name from their cell phones address book , type in “cash” and an amount and have funds transferred into the other person’s bank account. The idea behind the service is to cut down on trips to transfer funds. We wonder how many “accidental” transfers will end up happening.

Bank of America completed the rollout of its Mobile Banking service yesterday. Mobile Banking allows customers to access their account balance or transaction records on the mobile phone as well as pay bills and transfer funds.

[Via Slashphone]

AT&T/Cingular Wireless announced today that mobile banking services will be available later this year for their customers, and that the initial groundwork has been laid by signing agreements with Wachovia Bank, Bancorp South, Regions Financial and Suntrust Banks.   AT&T has been testing this service since last year, and plans to offer it without charge in the hopes that it will draw more customers to its mobile web services. 

Customers will be able to download software directly from Firethorn Holdings, a privately held mobile software company.  New handsets sold in the latter half of this year will have this software included.  Firethorn is highly focused on mobile security, and offers encrypted SSL layer transactions, and phone registration.

[Link via Cnet]